Bill S.1879
187th (2011 - 2012)

An Act establishing a special reserve fund in the town of Millville

Bill Title: An Act establishing a special reserve fund in the town of Millville

By Mr. Moore, a petition (accompanied by bill, Senate, No. 1879) of Richard T. Moore and Ryan C.Fattman for legislation relative to a certain reserve fund in the town of Millville. [Local Approval Received.] Municipalities and Regional Government.

SECTION 1. Notwithstanding any general or special law to the contrary, the town of Millville may establish a special reserve fund which shall be kept separate and apart from all other monies held by the town treasurer, into which the town may appropriate in any year money to establish a fund for the purpose of paying accumulated, unused sick leave to town employees in accordance with a collective bargaining agreement or employment contract.

SECTION 2. The town treasurer shall be the custodian of the special reserve fund, which may be deposited or invested in any legal manner applicable to the town, and shall make an accounting thereof to each annual town meeting. Income derived from the investment or reinvestment of said fund shall remain with and become part of said fund.

The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Unsupported Bill Output Format

The document text is in an unsupported format to view in a browser.

Please use the "Download PDF" link if you wish to View/Print this document.